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New World Resources (ASX:NWC) has discovered thick and high-grade mineralisation at the Antler copper deposit in Arizona which is expected to boost aspects of its mineral resource further down the road.
Hydrogeological drilling was completed at Antler late last year and recent assays showed mineralisation including 33.9m @ 3.2% copper and 3.4 metres @ 4.6% copper.
Crucially, the results have bolstered the strength of the deposit’s resource block model, with Antler currently carrying a (JORC) indicated and inferred mineral resource of 11 million tonnes at 2.1 percent copper and other metals.
New World managing director Mike Haynes said he expected the recent drill results to enable enhancement of some aspects of this resource.
“It is pleasing that the assays received from recent holes, drilled within the current envelope of the resource block model for the Antler Deposit, have returned outstanding thicknesses and grades of mineralisation, very much in line with expectations,” he said.
“While these holes were drilled for hydrogeological purposes, in due course the additional geological and assay data will help us upgrade the confidence level (and classification) of the parts of the Resource that these holes intersected. The results reinforce the exceptional grade and endowment of the deposit.
“Those holes are now being used to obtain baseline hydrogeological information that is a crucial component of developing a mine at Antler.”
New World Resources is trading at 4c.
